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Old 11-15-2011, 12:24 PM
 
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I hope the state develops this significant find. Would be GREAT for our economy.

RP
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Old 11-15-2011, 01:06 PM
 
Location: Littleton, CO
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I'd be fine with this, it's in a pretty insignificant area anyway
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Old 11-15-2011, 01:07 PM
 
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Well, it will be real interesting to see what happens when all those suburbanites who have populated a good chunk of western Weld County feel when a drilling rig shows up in their front yard. Since most of them don't know that, in most cases, their mineral rights were severed from the land years ago, they will get to "enjoy" all of the impacts of oil drilling and production and get no financial benefit from it.
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Old 11-15-2011, 01:23 PM
 
Location: Pueblo - Colorado's Second City
12,099 posts, read 20,344,698 times
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Quote:
Originally Posted by jazzlover View Post
Well, it will be real interesting to see what happens when all those suburbanites who have populated a good chunk of western Weld County feel when a drilling rig shows up in their front yard. Since most of them don't know that, in most cases, their mineral rights were severed from the land years ago, they will get to "enjoy" all of the impacts of oil drilling and production and get no financial benefit from it.
They might not get to enjoy the "direct impact" from the oil drilling but they would most defiantly get to enjoy the "secondary impact" of the oil drilling. At least as long as oil is the main source of power generation which is only about 10 to 20 more years.
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Old 11-15-2011, 01:35 PM
 
Location: Denver, CO
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Might as well. Clearly we aren't weening ourselves off of fossil fuels as our dominant energy source four some long time to come. :I
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Old 11-15-2011, 01:41 PM
 
Location: Golden, CO
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I think it's OK to have a mix of both fossil fuels and 'green' energy, at least until environmentally-friendly energy sources are more viable.
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Old 11-15-2011, 01:41 PM
 
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If this comes to fruition maybe the Keystone XL pipline project won't get approval. RP
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Old 11-15-2011, 02:23 PM
 
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Wink Short-term money theatre

"The announcement is a mixed bag," said Gary Wockner, director of the Clean Water Action and Clean Water Fund in Colorado. "Every well that is drilled takes more water and poses pollution from fracking fluids." [1]


What is alluded to in this article, and surely the case, is that this oil only mysteriously appeared as a viable option because of the use of fracking.

Since they can drill horizontally, most homeowners may not end up with a drilling rig in their backyard. Although the greater neighborhood probably an increase in truck traffic and other disruptions. But if thinking to take exception with that, they really might if these intensifying fracking operations, as in natural gas as well, result in permanent contamination of water resources.

For those not paying attention, much of this recent enthusiasm for seemingly easy jobs and money in Colorado, Williston, ND and and elsewhere is reliant upon the technique of fracking. Something which basically explodes and disrupts underlying geology, as well as introducing a toxic brew of chemicals into the ground. To the extent that we despoil water resources in this nation future generations will, and should, curse us.

There is a huge underlying aquifer along the front range running from northern Colorado all the way to Denver. It is VITAL to agriculture and all other life along the northern front range. Do the math on that.


1) 'Front Range oil bonanza could mean billions in revenues for Colorado,' The Denver Post
Front Range oil bonanza could mean billions in revenues for Colorado - The Denver Post
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Old 11-15-2011, 02:29 PM
 
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Here's the link to the story in today's Denver Post.....

Here are some interesting stats from the article:
- could generate 150k bbls/day and assuming oil is $80 a barrel, provide more than $4 billion in annual revenues... (Oil is at $99/bbl today).
- Anadarko plans to quadruple its drilling pace to 160 wells a year and drill between 1,200 and 2,700 wells in the Wattenberg Field.
- cost of each well has averaged between $4-5M, said John Christiansen, an Anadarko spokesman.


A billion barrels is enough to:
Fill 63,558 Olympic-size swimming pools
Load 500 supertankers
Supply the world for 11 days (at 90 million barrels a day)
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Old 11-15-2011, 03:46 PM
 
8,317 posts, read 25,091,437 times
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Quote:
Originally Posted by Mike from back east View Post
• Supply the world for 11 days (at 90 million barrels a day)
That is the chilling statistic. The Wattenburg Field is considered a "major find," but it would take finding 11 of them a year to replace what is being depleted from world oil supplies each year--just under one a month, and that is if world consumption is flat, which it is not. Anyone who doubts the theory of Peak Oil and the crash that is coming in oil supplies need only think about that for a minute.
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